Ethereum Needs A Leader—Or Its Future Could Be In Jeopardy, Ex-Engineer Warns

Share This Post

A former Ethereum Foundation engineer has raised concerns about the platform’s future, warning that a lack of clear leadership is slowing down critical development.

Harikrishnan Mulackal, who worked as a Solidity expert and compiler engineer, pointed out that Ethereum’s upgrade process has become sluggish, with only one major Ethereum Virtual Machine (EVM) change proposed in five years.

Lack Of Leadership Could Hurt The Network

According to Mulackal, Ethereum’s decentralized nature has led to delays in decision-making. He noted that while decentralization is a key strength, it has also made it difficult to push through necessary changes.

The only proposed EVM upgrade, transient storage, was almost scrapped at the last minute. He believes that without a more structured approach, the network could struggle to stay ahead of competitors.

Mulackal suggested that the network should prioritize execution over research, proposing a schedule of one hard fork per quarter to speed up improvements.

He argues that faster updates could help maintain the platform’s dominance in the blockchain space.

Internal Disagreements May Be A Bigger Problem

Mulackal’s concerns echo similar warnings from industry figures. Wintermute CEO Evgeny Gaevoy has previously said that leadership issues, not its technology, could be its downfall.

Gaevoy pointed out that there are contradictions within the organization’s leadership, with some pushing for market-driven incentives while others focus on social justice goals. This internal conflict, he warned, could lead to setbacks.

Vitalik Buterin, a co-founder of Ethereum, has admitted the difficulties and is apparently working on reordering the leadership of the Ethereum Foundation. Still up for contention, though, is whether these developments will support or undermine the network’s basic values.

Development Slows Down

Ethereum’s development speed has slowed even if it remains a major participant in the blockchain scene. Mulackal’s assertion that only one major EVM modification was suggested in five years begs issues about whether the network can keep up with ideas from competing blockchains.

Before “redesigning” Ethereum, developers have always stressed thorough research. Mulackal, however, feels that this cautious approach is currently dragging the platform back. Ethereum should, he contends, concentrate more on providing useful improvements than on spending years researching possible hazards.

Featured image from Equiti, chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Whales Accumulate Over 150 Million XRP In Just 48 Hours – Is A Rally Incoming?

XRP has finally found stability above crucial demand levels after enduring weeks of heavy selling pressure and market uncertainty Despite the broader crypto market’s volatility, XRP remains within

40x Leverage, Millions on the Line—Meet the Trader Betting Big Against BTC

This weekend, a trader on Hyperliquid, a decentralized derivatives exchange, has been making waves with an eye-catching bitcoin short position Using 40x leverage, the trader’s bet carries a

XRP Price Must Close Above This Level For Bullish Breakout, Analyst Warns

XRP has struggled to gain momentum, with its price caught in a downtrend since the beginning of March Although XRP has managed to push up in the past five days after reaching a low of $193 on March

Prediction Markets Show Poilievre and Carney Locked in a Nail-Biting Battle for Canada’s Leadership

This past week, Mark Carney officially stepped into his role as Canada’s 24th prime minister during a ceremony at Rideau Hall in Ottawa, officiated by Governor General Mary Simon At the time,

Crypto Market Peak? Stablecoin Supply Surge Shows There’s More Room To Grow

The crypto market has been struggling to gain momentum in recent weeks, with Bitcoin and major altcoins falling to new lows this cycle Price action has been far from encouraging, leaving many traders

Stellar (XLM) Price Could Surge To $0.38 — Analyst Explains How

After a turbulent start to the week, the Stellar price seems to be finding some stability, briefly climbing above the $028 level this weekend This growing momentum has sparked interest from market